December 2017 US industrial production report 17 January 2018

  • Prior 0.2%. Revised to -0.1%
  • Capacity utilisation 77.9% vs 77.3% exp. Prior 77.1%. Revised to 77.2%
  • Manufacturing output 0.1% vs 0.3% exp m/m. Prior 0.2%. Revised to 0.3%

Decent numbers here, especially from the Cap U, as that’s a good indicator of activity, and is also used as a signal for employment and investment. The higher it goes, the more business factories are doing and the more they’ll look to expand.

Consumer goods led the way rising 1.0% after a 0.7% drop last month.

USDJPY not doing much but it ticked up to 110.81 from arounbd 110.70.

Ryan Littlestone

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